The good news is that this is not a bailout of our casinos. And the good news is that this bill will make the state less reliant on unstable sources of revenue, such as casino profits. SB144 would establish a tied tax system on slots revenues, instead of the current across the board 43.5% profit tax. The tiered structure would range from 32% to 43.5%. The bill would cut the tax on table games in half, from 30% to 15%. It would also eliminate the annual license fee that casinos pay. The bill also removes the prohibition against video lottery agents operating on Christmas or Easter.
This is Senator Bushweller represents Dover and his district includes Dover Downs. Thus many of his constituents are employees of the casino. He has been attempting to provide tax relief to the casinos for years, and this is his third legislative attempt, and his last, since he is retiring after the session. This bill would reduce state revenues by $20 million, but that money can be made up by establishing a new tax bracket or two for the wealthy.
SB144 – Casino Assistance Bill
SPONSORS: Bushweller, Carson, Paradee, Ennis, Henry, McBride, Poore, Bonini, Delcollo, Hensley, Lawson, Keeley, Kowalko, Lynn, Matthews, Mulrooney, Smyk, Spiegelman, Viola, Yearick
HISTORY: Senate Banking, Business & Insurance 1/20/18
STATUS: Waiting on consideration in committee
And for the higher bracket … let’s surmise that there are better odds available at Dover Downs. Here’s hoping. Red or black. Odd or even. That’s 48% but who is counting? LOL
Yup, typical Delaware. At least now, the Casino’s can try to have money to re-invest and compete with other states. Delaware has become too dependent on the casino’s
But, as usual Delaware will continue to get into bad investments like Fisker and Bloom Energy!
FINALLY, the moron over at DL gets it “after the office spent the Markell years throwing taxpayer money with great fanfare at ventures that went tits-up (looking at you, Fisker!).”
Hey Anono! Check it out!
NPR reported that Miriam Webster has announced 850 additions to its online dictionary, “dumpster fire” among them. And I think we all understand why the term made it:
Dumpster fire’s inclusion marks a crowning moment for the treasured declaration and its oft-tweeted GIF. It’s the metaphor we wouldn’t want to live without — though the dictionary says the phrase’s first-known usage was just ten years ago.
“If a word is frequently used enough by some people, it has to be placed into a reference for all people,” Merriam-Webster editor-at-large Peter Sokolowski tells NPR. He says the word has turned up often enough in print — and on social media — to merit its inclusion.
I saw that today as well! I did not want to bring that up, because it was not on topic in this thread. I’m trying to stick to the rules. How was the movie?
I always “got it,” moron. It’s you who believes it’s confined to a single party. It’s also you who believe the plural of casino is casino’s.
The casinos don’t deserve another nickel. “Re-invest.” If you weren’t a moron you’d know how they “re-invested” those profits they reaped before the taxes were increased. But you never let your lack of knowledge stop you from having an opinion, even though that opinion, being based on false knowledge or none at all, is worthless.
Thank you for the grammer lesson! Did that just for you!
No, I don’t think it was to a single party. Jack Markell was the Gov., and both parties voted for it. Would love to know who did and did not vote for Bloom, because they wouldn’t have my vote.
Also, What are you doing over here. Go back over to DL, where you can crawl out of your cave and flap your jaw. Sorry, can’t say anything over there, I was censored!
You might want to look up how to spell “grammar” while you’re at it.
“Thank you for the grammer lesson! Did that just for you!” Sea where it says; “Did that just for you?? I spelled GRAMMAR, wrong Jist for you, dimwit. You don’t even sea a joke. Lighten up you’re britches, there big boy and get our head out of your arse. Go waste some more time on DL and not get paid for it. Idiot, can’t take a joke!
Left you some more to correct. Did you celebrate National Gammar Day on the 4th?
Don’t you have a flight, leeving for France soon?
I can only conclude you are impotent, and you do this because you can no longer pull your pud.
OMG, you just crack me up, Al!
Wonder what time period the revenue loss is calculated on? And if they are giving this money away, then who are they taking money from?
I would never support this Bill. A tax break for the rich Casino owners. A $20 million loss of Revenue. And I’ll bet to make up for the loss. It will be the middle class. To pay for the loss. Not the Rich as you say.